Jan 15, 2013 4:00am PST
. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up, and we need to pay them." president obama warns that if the debt limit is not raised or used as leverage by republicans, markets would go haywire, interest rates would rise, and checks to military veterans and people on social security would end. gop senate minority leader mitch mconnel reponded by saying, "the president and his allies need to get serious about spending, and the debt-limit debate is the perfect time for it." traders will get their first opportunity to react to comments at the market close yesterday by federal reserve chairman ben bernanke. among the highlights, the fed chair says, the federal government is not out of ammunition, the fed's bond-buying program is not likely to lead to higher inflation, and the fed sees positive signs in the economy. bernanke made the comments during an appearance at the university of michigan. nike is making a gear shift. just ahead of oprah's much- anticipated interview with cyclist lance armstong, the
Jan 14, 2013 11:30pm PST
are real, but so also are the results of allowing our spending problem go unresolved. president obama said he is open to discussing deficit reductions, but only after congress first pay this bills that the country already owes. >> the federal government takes a larger chunk of paychecks. that's because during the fiscal cliff debate, congress allowed a temporary cut in social security taxes to expire, mean that social security taxes have increase thousand by 2%. economists anticipate the payroll increase tax hike will reduce u.s. house hold incomes by a collective $125 billion this year. >>> a another brutely cold night and into tomorrow morning. it is going to be freezing and below freezing once again. a look here at the pattern. we remain with the trough to the east of us. a ridge of high pressure to the west, but this ridge is slowly nudging east, and eventually, by midweek wednesday and lasting into the weekend, it will be overis, and that is going to bringis warmer weather. so warmer weather on the horizon, it's not going to be here in time for tomorrow morning. tomorrow morning very
Jan 15, 2013 7:00pm PST
obama and vice president joe biden plan to unveil their packages tomorrow aimed at reducing gun violence. they'll be joined by children across the country who wrote to the president in the wake of the newtown school shooting. the president is reportedly weighing 19 additional steps he could take through executive order meaning without congressional approval. >>> san jose's new interim police chief spoke out for the first time today telling us what he hopes to accomplish and why he doesn't want the job full time. >> for personal reasons, i did not, but i'd be more than happy to take the interim position now, and i'm looking forward to the challenge and -- and trying to improve morale and help retain some of our officers and further some of the project sgls san jose's current chief chris moore retires at the end of the week. city leaders had hoped to hire a new chief right now. today on the 10:00 news we'll look at the reasons for the setback in their search. >>> san francisco mayor ed lee announced to do long-await police substation will open next month in the city's central market area.
Jan 19, 2013 11:30pm PST
inauguration day on monday. >>> president obama use his weekly address to pish his plan for tougher gun controls. >> we have a strong tradition of gun ownership in this country and the vast majority of gun owners act responsibly, but i also believe most gun owners agree that we can respect the 2nd amendment while keeping an irresponsible lawbreaking few from causing harm on a massive scale. >> on tuesday the president made a series of proposals and signed 23 executive orders that beefed up existing gun control law. the fierce senate hearings on the president's proposals are schedule for the end month. >>> there were separate shoots at gun shows across the nation today. in raleigh, north carolina, police say three people were injured when a shotgun accidentally fired. the owner brought it to the gown show to sell and didn't unload it. in minneapolis a man shot himself in the hand. and in medina, ohio a gun dealer found the he was checking out was loaded when he pulled the trigger and discharged. it wounded a bystander in the arm and leg. >>> those shootings came as hundreds of gun righ